Protrade100 is masquerading as a true ECN broker offering a range of financial instruments which include Forex, Crypto and stocks.
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You cannot be successful in trading or investing in these instruments without the right automated trading strategy or a good broker.
The broker is running its business from the domain Protrade100.com, which was registered in March 2020.
This is a very new website with no reputation at all.
However, the broker would like to make investors believe they are reliable, regulated and generous with their offering.
For example, maximum leverage is 1:1000, which is quite abnormal.
There are 5 different account types with minimum deposit starting at $10,000.
Again, this minimum deposit is quite weird as many brokers don’t require such excessive amounts of capital to test or trade on their platform.
Is Protrade100 legit?
The answer is a big resounding No!
The broker is not legit. But they would like to attract gullible traders using features like account manager, weekly trade analysis, portfolio progress reports, daily market signals and so on.
The question you should ask is whether this broker is regulated.
We found that they don’t hold any valid Forex broker’s license.
Furthermore, their location is unknown and so are details of the company or people behind Protrade100.com.
These are considered serious red flags because they tell us that the broker will definitely disappear with your capital.
Conclusion
Do not bother to deposit a coin with the scam broker.
Their website is just attractive for the sake of scamming investors.
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